https://www.taxtmi.com/caselaws?id=185473 The Tribunal ruled in favor of the assessee, directing the deletion of the retention money from the assessment of the year under consideration, as it accrued in the subsequent year. The Tribunal emphasized that income accrual should be based on contractual terms rather than accounting entries, ultimately allowing the appeal against the addition of retention money for the assessment year 1988-89. en-us Thu, 06 Aug 1998 00:00:00 +0530 Sat, 13 Aug 2016 11:52:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185473 The Tribunal ruled in favor of the assessee, directing the deletion of the retention money from the assessment of the year under consideration, as it accrued in the subsequent year. The Tribunal emphasized that income accrual should be based on contractual terms rather than accounting entries, ultimately allowing the appeal against the addition of retention money for the assessment year 1988-89. Case-Laws Income Tax Thu, 06 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185473